Global

March 29, 2023 @ 9:24 pm By JD Alois  |  

ETC Group says it will list the first crypto ETP [exchange traded product] based on an MSCI index. The ETC Group MSCI Digital Assets Select 20 ETP is expected to list on Germany’s Deutsche Börse XETRA in April. According to ETC Group, the ETP will… Read More

March 29, 2023 @ 9:10 pm By JD Alois  |  

Australian Fintech MoneyMe (ASX:MME) has raised A $37 million in equity capital, according to a statement by the company. MoneyMe is a digital lender serving consumers. It was reported earlier this week that MoneyMe founder and CEO Clayton Howes was seeking to raise capital in… Read More

March 29, 2023 @ 8:51 pm By Omar Faridi  |  

Remittances are not only a lifeline for millions of migrant workers and their families, they are also vitally important “for the prosperity of many developing economies around the world,” according to an update from Visa (NYSE: V). As the amount of global remittance inflows continues… Read More

March 29, 2023 @ 6:53 pm By Omar Faridi  |  

Mars Growth Capital and Liquidity Group, a technology firm that has become the industry’s “fastest-growing” lender to mid-market, late-stage companies globally by automating the entire debt lending cycle, announced a $30M funding deal with Fashinza, an AI-driven B2B marketplace for global fashion supply chains. The… Read More

March 29, 2023 @ 10:47 am By Omar Faridi  |  

Onbe, a disbursements financial technology company, announces the launch of Send to Wallet. An “early to market” offering, Send to Wallet, gives users the ability “to add their virtual card quickly, simply, and securely to their preferred mobile wallet, from a web browser, without downloading… Read More

March 29, 2023 @ 8:42 am By Omar Faridi  |  

CellPoint Digital, which claims to be the global leader in Payment Orchestration, has announced a new partnership with Nium, the global platform for on-demand money movement. Through this integration, CellPoint Digital and Nium will “offer merchants a frictionless, optimised end-to-end money movement process.” Payments systems… Read More

March 29, 2023 @ 8:38 am By Omar Faridi  |  

ZEBEDEE, a payments processor, has announced an overhaul of how users can move money across the world. The upgraded feature for borderless transactions showcases “the power and potential of global, friction-free and currency-agnostic payments and represents a significant improvement and simplification of how anyone can… Read More

March 29, 2023 @ 8:35 am By Omar Faridi  |  

Inpay’s Annual Report for 2022, released at the company’s AGM in Copenhagen, Denmark, announced solid results “for the international payments firm and outlined plans for significant future growth within their UK office (London) and internationally across Asia, the Middle East and Europe.” As noted in… Read More

March 29, 2023 @ 2:00 am By JD Alois  |  

CrowdProperty, a real estate investment platform, reports that it has topped 3000 homes financed. According to the funding platform, it has provided financing for 3010 houses worth £680,000,000, originating over £375,000,000 of financing facilities and lending more than £299,000,000 to date. CrowdProperty is authorized and… Read More

March 28, 2023 @ 11:47 pm By Omar Faridi  |  

The fixed fee money transfer service, Atlantic Money, raised concerns at the Directorate-General for Competition (DG COMP) within the European Commission about the conduct of its competitor, the London Stock Exchange-listed technology company Wise. Having first raised its concerns in January with the Competition and… Read More

March 28, 2023 @ 11:21 pm By JD Alois  |  

Crowdcube, a top UK and European securities crowdfunding platform, has announced a partnership with Octopus to provide access for investors to Venture Capital Trusts (VCTs). In a company statement, Crowdcube said that the collaboration with Octopus will allow for lower minimum hurdles to invest in… Read More

March 28, 2023 @ 8:28 pm By Omar Faridi  |  

The Commonwealth Bank (CBA) and Telstra announced a new pilot to help protect their customers from phone scams. Scam Indicator, currently in proof-of-concept stage and to be piloted over the next few months, will help “protect joint CBA and Telstra customers from phone scams where… Read More

March 28, 2023 @ 5:58 pm By JD Alois  |  

The French national financial prosecutor’s office (Parquet Financier National – PFN) announced today that it has engaged in multiple search operations at five banking and financial services firms located in Paris and La Defense (a suburb of Paris). According to the prosecutor, the actions are… Read More

March 28, 2023 @ 5:31 pm By Omar Faridi  |  

Creditas Auto was reportedly introduced with the objective of strengthening the relationship with Creditas’ existing customers, “providing consumers with a solution to buy, sell and trade a car.” According to the firm, there are clear synergies with their lending and insurance operation, with Creditas Auto… Read More

March 28, 2023 @ 11:33 am By Omar Faridi  |  

Nubank (NYSE: NU) reveals that it has supported the financial inclusion of 5.7 million Brazilians in the credit card market in one year, according to a study released by Data Nubank – the company’s research and analysis platform on finances. The survey analyzed “the spending… Read More

March 28, 2023 @ 8:41 am By Omar Faridi  |  

New research— recently published by Oxford Economics and in partnership with Funding Circle (LSE:FCH), including a detailed survey of Funding Circle customers—reveals UK SMEs’ durability, with 58% of respondents “saying their experience of dealing with the pandemic’s challenges has made their business more resilient.” Over… Read More

March 28, 2023 @ 8:37 am By Omar Faridi  |  

Fiserv, Inc. (NASDAQ: FISV), a global provider of payments and financial services technology solutions, and Central Payments L.L.C., a banking-as-a-service (BaaS) provider, are enabling fintechs, enterprise businesses and payment facilitators “to bring financial products and services to market with greater speed and growth potential.” The… Read More

March 28, 2023 @ 8:36 am By Omar Faridi  |  

Estateguru, the Pan-European property investment platform, and the Czech investment bank J&T Banka have made an agreement “to fund real estate-backed loans in the Baltics.” J&T Banka initially “invested €2.5M in Finnish and German loans as part of its continued commitment to funding Estateguru loan… Read More

March 28, 2023 @ 8:34 am By Omar Faridi  |  

CoinShares, Europe’s digital asset investment firm, is announcing the launch of two  zero management fee Crypto Index ETPs: CoinShares Physical Top 10 Crypto Market ETP & CoinShares Physical Smart Contract Platform ETP. These two products will be “listed on German’s main market Xetra.” Both ETPs… Read More

March 27, 2023 @ 10:48 pm By Omar Faridi  |  

Strike, which claims to be the world’s leading digital payments platform built on Bitcoin’s Lightning Network, announced the launch of fast, secure, and low-cost money transfers from the U.S. to Vietnam, “further expanding its revolutionary cross-border payment service.” Strike has partnered with Getbit “to enable… Read More